June 23rd, 2008
Last year there had been 51 sales on Lake Muskoka by the end of June. This year there have been 26 sales on Lake Muskoka to date. Let’s see what the rest of the month brings.
In 2007 there were 14 sales On Lake Rosseau by the end of June. This year there have been 8 to date.
In 2007 there were 17 sales on Lake Joseph by the end of June. To date there have been 7.
June 16th, 2008
From June 1st to June 15th there were 15 price reductions on the three big lakes, (including river properties from which you can boat directly to one of the big lakes.)
Lake Muskoka had 9 price reductions
Lake Rosseau had 5 price reductions
Lake Joseph had 1 price reduction
90% of the price reductions in May were for cottages that had been on the market in 2007 , did not sell, and were put on the market again in 2008.
Of the 15 price reductions in June , 7 of them were for cottages that were new to the market this year, and were not listed last year.
June 13th, 2008
There have been 27 price reductions on Lakes Muskoka, Rosseau and Joseph from April 1- May 31st 2008
The totals are:
Lake Muskoka 16 price reductions
Lake Rosseau 8 price reductiosn
Lake Joseph 3 price reductions
It is significant to note that 90% of the price reductions have been on properties that were on the market last year, were taken off the market over the winter, and came back on the market this spring.
As of June 10th 2008 there were 116 listing on lake Muskoka,
30 listings on Lake Rosseau,
and 37 listings on Lake Joseph
June 13th, 2008
There have been fewer sales on Lake Muskoka, Lake Rosseau and Lake Joseph this year than in previous years by this date.
This has also been a very bad year for water and weather conditions, and this affects the real estate market.
By the end of May 2008:
Lake Muskoka had 24 sales, compared to 31 in 2007 and 28 in 2006
Lake Rosseau had 6 sales, compared to 10 sales in 2007 and 13 sales in2006
LakeJoseph had 7 sales, comapred to 10 sales in 2007 and 16 sales in 2006
Watch this blog for regular updates on Muskoka Real Estate information, as well as other information pertinent to cottagers in Muskoka.
May 13th, 2008
Someoneasked us the other day if we had seen all the price reductions of listings in Muskoka.
I decided to take a look at April 2008.
On Lakes Muskoka, Rosseau and Joseph there was only one price reduction in April. This takes inboth the listed cottages and the vacant land.
However,there were many residential price reductions, off the lake, which I did not count, and some on smaller lakes.
Watch this blog for information on Muskoka Real Estate price reductions and numbers of sales, compared to previous years,throughout the season.
We will work to keep cottagers up to date on their Muskoka Real Estate investment.
May 11th, 2008
The sales in the first quarter of 2008 compared to the years back to 2005 are as follows on Lake Muskoka.
2008 2007 2006 2005
Jan 0 3 1 0
Feb 1 4 2 1
March 3 2 1 7
On Lake Rosseau
2008 2007 2006 2005
Jan 0 1 0 0
Feb0 0 0 1
March 4 2 1 3
On Lake Joseph
2008 2007 2006 2005
Jan 0 0 0 1
Feb 0 0 2 0
March 0 0 2 0
February 26th, 2008
It is increasingly expensive to cottage on Muskoka’s largest lakes
In 2007, 3% of Lake Muskoka cottage sales, 7% of Lake Rosseau cottage sales, and 7% of Lake Joseph cottage sales were for prices between $2,500,000 and $3,000.000
21% of Lake Muskoka cottage sales, 35% of Lake Rossaaeu cottage sales, and 45% of Lake Joseph cottage sales were between $1,000,000 and $2,000,000
6% of Lake Joseph cottage sales were between 3,000,000 and $4,000,000
Take heart that there are still numerous cottages that sell for under $500,000.
Lake Muskoka had 27% of the 2007 cottage sales under half a million, Lake Rosseau had 5%, and Lake Joseph had 2%
February 26th, 2008
There was an interesting article in the Toronto Star recently about the replacement value of trees. The presence or absence of trees greatly affects both the real estate value and the livability of your property. Trees clean the air, stem water runoff into the lake, provide shade for cooling the exterior and interior of the building, as well as providing beauty and curb appeal.
The return value of planting trees and shrubs on your cottage property is significant. In New York City, it is calculated that every $1.00 put into the trees provides $5.60 of return on the money. That makes planting a very good investment!